Host Hotels & Resorts (NASDAQ:HST) Rating Increased to Buy at Truist Financial

Host Hotels & Resorts (NASDAQ:HST) was upgraded by equities research analysts at Truist Financial from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a $21.00 price objective on the stock. Truist Financial’s target price would indicate a potential upside of 15.32% from the stock’s current price.

Other research analysts also recently issued reports about the company. Cantor Fitzgerald initiated coverage on Host Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price target for the company. Barclays assumed coverage on shares of Host Hotels & Resorts in a research report on Tuesday. They set an “equal weight” rating and a $19.00 target price for the company. Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. Evercore ISI cut shares of Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target on the stock. in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.81.

Host Hotels & Resorts Trading Up 2.4%

Shares of NASDAQ:HST opened at $18.21 on Friday. The stock’s 50-day simple moving average is $17.73 and its two-hundred day simple moving average is $16.93. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 17.34 and a beta of 1.18. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $18.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Host Hotels & Resorts had a return on equity of 11.11% and a net margin of 12.43%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $0.36 earnings per share. Host Hotels & Resorts’s quarterly revenue was up .9% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Insiders Place Their Bets

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 9,086 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $18.47, for a total transaction of $167,818.42. Following the sale, the executive vice president directly owned 659,841 shares in the company, valued at $12,187,263.27. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Host Hotels & Resorts

Several large investors have recently modified their holdings of HST. Armstrong Advisory Group Inc. lifted its position in Host Hotels & Resorts by 953.5% in the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after buying an additional 1,516 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Host Hotels & Resorts during the second quarter valued at $29,000. Clearstead Advisors LLC raised its stake in shares of Host Hotels & Resorts by 79.6% in the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock valued at $30,000 after acquiring an additional 786 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 691 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Host Hotels & Resorts during the 2nd quarter worth about $32,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.